Table 9 ARDL short-run/error correction... | Emerald Publishing

Table 9

ARDL short-run/error correction estimates (dependent variable: ΔlnNPLA)

Variable	Coefficient	Std. Error	t-Statistic	p-value
ΔlnNPLA(−1)	0.264	0.098	2.694	0.009
ΔlnGDPA	−0.218	0.104	−2.096	0.039
ΔINF	0.012	0.006	2	0.049
ΔINF(−1)	0.009	0.006	1.5	0.138
ΔINF(−2)	0.007	0.005	1.4	0.166
ΔINT	0.016	0.008	2	0.049
ΔINT(−1)	0.011	0.007	1.571	0.12
ΔCAR	−0.019	0.009	−2.111	0.038
RECAP	−0.084	0.038	−2.211	0.03
ECT(−1)	−0.312	0.087	−3.586	0.001

Variable	Coefficient	Std. Error	t-Statistic	p-value
ΔlnNPLA(−1)	0.264	0.098	2.694	0.009
ΔlnGDPA	−0.218	0.104	−2.096	0.039
ΔINF	0.012	0.006	2	0.049
ΔINF(−1)	0.009	0.006	1.5	0.138
ΔINF(−2)	0.007	0.005	1.4	0.166
ΔINT	0.016	0.008	2	0.049
ΔINT(−1)	0.011	0.007	1.571	0.12
ΔCAR	−0.019	0.009	−2.111	0.038
RECAP	−0.084	0.038	−2.211	0.03
ECT(−1)	−0.312	0.087	−3.586	0.001

Source(s): Author's estimation